Iran Uncertainty Drives WTI Crude Above $79

WTI crude oil is trading in a positive bias above $79.00 as ongoing uncertainty surrounding Iran and supply concerns continue to underpin prices.

The market remains focused on geopolitical developments in the Middle East, particularly any potential disruption to oil flows from the region.

Iran's role in global supply and the possibility of new sanctions or conflict have kept traders cautious, adding a risk premium to crude prices.

Supply concerns are also supported by output cuts from major producers and tightening global inventories, which has helped WTI maintain its recent upward momentum.